Bolaji Akinola, PhD

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Bolaji Akinola, PhD

Bolaji Akinola, PhD

@BolajiShip

The Maritime Supremo

Katılım Eylül 2013
9 Takip Edilen76.3K Takipçiler
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Bayo Onanuga, OON, CON
Bayo Onanuga, OON, CON@aonanuga1956·
STATEHOUSE PRESS RELEASE APM TERMINALS PRESIDENT PLEDGES FRESH $600M INVESTMENT IN NIGERIA, CALLS FOR DEEPER INVESTMENT PARTNERSHIPS   President Bola Ahmed Tinubu's economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals pledged a $600 million investment in Nigeria's maritime sector.   Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals, Martijn Van Dongen, and CEO, APM Terminals Nigeria, Frederik Klinke, to meet with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.   Igor van den Essen said the proposed investments will be deployed in Apapa port modernisation, logistics infrastructure, and long-term private-sector investment in Nigeria’s maritime sector.   President Tinubu welcomed the investments, emphasising that Nigeria is repositioning itself for greater competitiveness through ongoing economic reforms and infrastructure modernisation.   He said the country is determined to move beyond structural bottlenecks and outdated systems, stressing the need for advanced technology, faster cargo processing, and improved operational efficiency across the nation's ports.   He emphasised that Nigeria possesses the market scale, talent base, and economic potential to support globally competitive maritime and logistics infrastructure investments and called on other investors to take advantage of Nigeria's reform outcomes.   Earlier, Igor van den Essen lauded President Tinubu's reform agenda and policy direction, which had strengthened investor confidence and created renewed momentum for long-term infrastructure investments.   He described Nigeria as a strategic stronghold within its African operations, referencing over 20 years of collaboration and substantial existing investments in the country’s port ecosystem.   He reaffirmed his company's commitment to expanding investments in Nigeria and disclosed plans to support the development of world-class terminal infrastructure and technology-driven port operations.   He also commended President Tinubu for establishing the National Single Window (NSW), which has streamlined trade procedures, improved Customs coordination, and reduced delays in cargo clearance.   In another meeting with Winme Group executives, President Bola Tinubu called for deeper investment partnerships to unlock Nigeria’s opportunities in logistics, mining, shipping, and integrated infrastructure development.   He stressed the need for integrated investments linking ports, transport systems, processing facilities, and export infrastructure to drive industrial growth and competitiveness.   The delegation expressed confidence in Nigeria’s long-term investment potential, having closely followed President Tinubu’s reforms.   Bayo Onanuga Special Adviser to the President (Information & Strategy) May 14, 2026
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Ships & Ports
Ships & Ports@ShipsandPorts·
PTML Donates Ultramodern Office to Customs In a major step towards strengthening operational efficiency and enhancing trade facilitation, the Managing Director of Port and Terminal Multi-Services Limited (PTML), Mr Ascanio Russo, on Thursday officially handed over a new fully furnished office complex with modern Information and Communications Technology (ICT) facilities to the Nigeria Customs Service at the terminal, located within the Tin Can Island Port Complex, Lagos. The handover ceremony marked the fulfilment of a commitment by PTML to provide additional modern and conducive offices for Customs officers operating at the terminal, reinforcing the collaboration between private terminal operators and government regulatory agencies in driving seamless cargo operations... shipsandports.com.ng/ptml-donates-u…
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Ships & Ports
Ships & Ports@ShipsandPorts·
Oyetola Unveils Historic £746m UK Deal for Nigeria’s Biggest Port Upgrade in 50 Years The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has unveiled a landmark £746 million financing agreement with the United Kingdom that will deliver the most ambitious modernisation of Nigeria’s seaport infrastructure in nearly half a century, transforming the country’s principal maritime gateways and repositioning its port system for global competitiveness. The historic financing arrangement, secured with the backing of UK Export Finance (UKEF), will fund the comprehensive modernisation and upgrade of the Lagos Port Complex Apapa, popularly known as Apapa Port, and the Tin Can Island Port Complex in Lagos. Together, the two ports handle more than 70 per cent of Nigeria’s imports and exports, and serve as the central arteries of the nation’s maritime trade. The landmark financing agreement will be formally signed during the high-profile state visit of President Bola Ahmed Tinubu to London on March 18 and 19, 2026, signalling a deepening of strategic economic cooperation between Nigeria and the United Kingdom while opening a new chapter in Nigeria’s maritime development. In a statement issued on Tuesday by his Special Adviser, Dr. Bolaji Akinola, the Minister described the financing package as a transformative milestone for the country’s port system, noting that the scale and scope of the modernisation project mark the first comprehensive overhaul of the facilities since their establishment. The Lagos Port Complex Apapa, established in 1913, has for more than a century remained Nigeria’s oldest and busiest seaport, serving as the gateway for a vast proportion of the nation’s imports and exports. The Tin Can Island Port Complex was later developed to complement Apapa and was officially commissioned on 14 October 1977. Despite their strategic importance, neither facility has experienced a modernisation programme of this magnitude, making the initiative the most significant port upgrade undertaken by the Federal Government in almost fifty years. Read more on Ships&Ports
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Bolaji Akinola, PhD
Bolaji Akinola, PhD@BolajiShip·
Why is this allowed to continue on major roads in Abuja - our Federal Capital! ⁦@GovWike⁩ please do something about it!
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Bolaji Akinola, PhD
Bolaji Akinola, PhD@BolajiShip·
Sadly, seafarers bear the brunt of this war!
Ships & Ports@ShipsandPorts

Projectile Strike Forces Crew to Abandon Containership in Strait of Hormuz A containership has been struck by a projectile while transiting the Strait of Hormuz, forcing its crew to abandon ship in a dramatic escalation of attacks on commercial vessels in one of the world’s most vital energy corridors. The Maltese-flagged Safeen Prestige was hit at about 1109 GMT, two nautical miles north of Oman, as it sailed eastbound through the narrow chokepoint. Maritime security firm Vanguard confirmed the strike, saying the projectile hit just above the waterline, sparking a fire in the engine room. The crew evacuated the vessel. The extent of the damage remains unclear. The incident tallies with an earlier alert from the United Kingdom Maritime Trade Operations, which reported a container ship struck by an “unknown projectile” in the same area. No environmental impact has been reported and investigations are under way. The 1,740-TEU vessel is owned by Safeen Feeders, part of AD Ports Group. The company said most of its 122-vessel fleet is operating outside the immediate conflict zone and expects limited overall impact. The strike is one of several reported across Gulf waters in recent days. A Panama-flagged bulk carrier, MV Gold Oak, was damaged by a projectile east of Fujairah, while other vessels reported explosions or near misses off the coasts of Oman and the UAE. A containership west of Dubai also reported a projectile splash nearby without sustaining damage. Read more on Ships&Ports

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Ships & Ports
Ships & Ports@ShipsandPorts·
Nigeria to Pilot Regional Fishing Vessel Register in Gulf of Guinea — Oyetola Nigeria has agreed to serve as the pilot country for the formal implementation of the Regional Record of Authorised Fishing Vessels in West Africa, a move the government says reflects its belief that credible leadership must be matched by practical action to combat illegal fishing and strengthen marine governance across the Gulf of Guinea. The commitment was announced by Nigeria’s Minister of Marine and Blue Economy and Chairman of the Conference of Ministers of the Fisheries Committee for the West Central Gulf of Guinea (FCWC), Dr. Adegboyega Oyetola, during a high-level meeting with the organisation’s Secretary-General and secretariat staff in Abuja. He said Nigeria’s decision to host the pilot phase of the Regional Record of Authorised Fishing Vessels demonstrates its resolve to translate regional leadership into measurable outcomes for sustainable fisheries management. A statement issued in Abuja on Thursday by the Minister's Special Adviser, Dr. Bolaji Akinola, said the proposed Regional Record of Authorised Fishing Vessels will create a verified database of industrial fishing vessels authorised to operate within the maritime zones of FCWC member states, covering both foreign and national fleets. Read more on Ships&Ports
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Bolaji Akinola, PhD
Bolaji Akinola, PhD@BolajiShip·
Congratulations @OyebamijiBola. Your impact at NIWA will resonate for many decades.
Bola Oyebamiji@OyebamijiBola

Yesterday evening, I was honoured to receive the Most Media Friendly Maritime CEO Award from the Coalition of Maritime Journalists of Nigeria, a recognition that reflects our shared commitment to transparency, accountability and institutional reform. As Managing Director of NIWA, we strengthened regulation, improved safety standards, enhanced revenue performance, and delivered the first Inland Waterways Safety Code in 35 years, a landmark step toward safer and more efficient inland water transport across Nigeria. I am grateful to the President of the Federal Republic of Nigeria, His Excellency Asiwaju Bola @officialABAT, GCFR for the opportunity to serve our nation in that capacity, and the Honourable Minister of Marine and Blue Economy, Dr @GboyegaOyetola, CON, for his mentorship and support. I equally appreciate the dedicated staff of NIWA for upholding the mandate of the Authority, and the maritime journalists who partnered with us in advancing the necessary reforms. This award is not just about accessibility to the media; it is about responsible leadership, measurable results and the courage to build institutions that work for the people.

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Ships & Ports
Ships & Ports@ShipsandPorts·
EXCLUSIVE: Supreme Court Orders NIMASA to Refund $150m Illegally Collected from NLNG In a landmark judgment delivered on 16 January 2026, the Supreme Court of Nigeria has ruled decisively in favour of Nigeria Liquefied Natural Gas Limited (NLNG) in its protracted legal battle with the Nigerian Maritime Administration and Safety Agency (NIMASA), ordering the maritime regulator to refund more than $150 million collected from NLNG in levies the court held were unlawful. SHIPS & PORTS reports that the levies — comprising a 3 per cent gross freight charge on international cargo, the Sea Protection Levy and a 2 per cent cabotage surcharge under the Coastal and Inland Shipping Act — were found by the apex court to have been imposed without lawful basis. The ruling resolves one of the most significant corporate regulatory disputes in Nigeria’s maritime and energy sectors, with major implications for statutory incentives and regulatory reach. The judgment, handed down by the Supreme Court, upheld NLNG’s long-standing position that it was exempt from the contested charges under its enabling legislation — the Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act — and that amounts collected by NIMASA must be returned with interest. The decision, SHIPS & PORTS reports, also affirmed that NIMASA’s enforcement actions in pursuit of the levies were improper. NLNG’s legal team, drawn from Babalakin & Co., was led by Olawale Akoni, SAN, and included senior partners Tola Oshobi, SAN, Boonyameen Babajide Lawal, SAN, ‘Seun Awonuga, SAN, Kehinde Daodu and Muhammad Abdulmumin. NIMASA’s legal team was led by Mike Igbokwe, SAN. The dispute dates back more than a decade. In 2013, NIMASA began demanding that NLNG pay statutory maritime levies — including the 3 per cent freight charge on inbound and outbound LNG cargoes, the Sea Protection Levy and a cabotage surcharge — asserting authority under the NIMASA Act, Cabotage Act and related regulations. Read more on Ships&Ports
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